Review on Siacoin by Robert Kofer

Name: Siacoin
Item: Siacoin
Rating: 4

June 23, 2019

SiaCoin Cryptocurrency

Siacoin is the best technology that enables to use fully decentralized cloud storage on bockchain technology. Sia coud storage is best alternative of google, amazon, microsoft and dropbox. All cloud storage platforms in market are fully centralized and all user data are stored in their servers and the platforms have access or control of your all data. but sia cloud platform is fully decentralized and your data is only in your hands not controlable to anyone even sia team.
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Siacoin is the native token of sia cloud storage platform and sia platform accepts only siacoin as a payment method of services. However sia cloud storage platform costs are very low. at now, which is 2$ per month for 1 TB cloud storage and is very affordable than other cloud storage platforms.
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Beside, Siacoin transaction speed is very fast and transaction fees is very low as compared to other major cyptocurrencies. In siacoin Blockchain, at every block 1 unit of siacoin will be decreases like if currenct block contain 300,000 sia then next block contains 299,999 sia and it decreases at every block.
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Currently, siacoin is unknown from all peoples and mostly no one uses sia cloud storage. Siacoin team must do some promotions , advertisement or something for mass adoption even to those proples who are not an investor in cryptocurrencies.
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Pros

Siacoin technology is an online fully decentralized cloud storage platform.
Sia blockchain software ore fully open source so, developers can make innovatie applications on Sia API.
Siacoin is a native token Sia cloud storage platform. Siacoin developer team is very actively works on Sia platform.
Sia cloud storage is best alternative of google cloud storage, amazon s3 and dropbox.
Sia cloud storage prices are very low than other cloud storages. Its only around 2$ for 1 TB per month for now.

Cons

For purchasing any sevice of Sia technology it only accepts payment in its native coin, SiaCoin
Siacoin doesn't have any use-case except its platform payment so, inverstor maybe not purchasing sia coin as perfect investment.
Currently, there are many big players or competetors are available in market like google, amazon, apple and dropbox. Siacoin needs huge mass adoption for growing.